Curtailment (electricity)

Chevron, Mercuria Announce CNG Fueling Network Joint Venture

Retrieved on: 
Thursday, September 9, 2021
Oil, Gas, Energy, Chevron, Mercuria, CHEVRON, MERCURIA

View the full release here: https://www.businesswire.com/news/home/20210909006117/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210909006117/en/
    Chevron is building a large-scale, vertically integrated renewable natural gas business in the United States.
  • Through its partnerships with Brightmark and California Bioenergy, Chevron is developing projects to produce renewable natural gas from dairy digesters across the country.
  • The creation of this joint venture will allow Chevron to rapidly grow its renewable natural gas value chain, complementing its previously announced plan to open more than 30 Chevron-branded CNG stations by 2025.
  • Mercuria is pleased to partner with Chevron and ANG founder Andrew West in growing ANGs fueling network and continuing to provide a best-in-class decarbonization solution to the medium- and heavy-duty vehicle market, said Chief Investment Officer Brian A. Falik.

Chevron Agrees on Framework to Join Hydrogen Joint Venture With Magnum Development and Mitsubishi Power

Retrieved on: 
Thursday, September 9, 2021
Alternative Energy, Energy, Chevron, Mitsubishi Power Americas, Inc., Magnum Development, CHEVRON, MITSUBISHI POWER AMERICAS, INC., MAGNUM DEVELOPMENT

(Credit: Mitsubishi Power)

Key Points: 
  • (Credit: Mitsubishi Power)
    The joint venture is located in Delta, Utah, adjacent to the Intermountain Power Plant, which will use green hydrogen to produce electricity with lower lifecycle carbon emissions.
  • Chevron New Energies was created to grow new competitive business lines in areas like hydrogen, said Jeff Gustavson, President of Chevron New Energies.
  • Chevron, Magnum and Mitsubishi Power are negotiating definitive documentation outlining Chevrons participation in the joint venture.
  • Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals.

Chevron, Bunge Announce Proposed Joint Venture to Create Renewable Fuel Feedstocks

Retrieved on: 
Thursday, September 2, 2021
Environment, Oil, Gas, Alternative Energy, Agriculture, Energy, Natural Resources, Industry, Downstream, Weather, BG, Securities Exchange Act of 1934, Legislation, MOU, Chevron, Energy Independence and Security Act of 2007, U.S. Securities and Exchange Commission, Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., Acquisition, CVX, Agriculture, Accident, Pandemic, Coronavirus, Government, Chevron Corporation, Natural gas, Bunge, Biofuel, Curtailment (electricity), Organization, Marketing, Investment, NYSE, Multimedia, Securities Act of 1933, Board, Carbon, Failure, Food, News, Partnership, Noble Energy, Documentation, Farmer, Bunge Limited, Phrase, Lubricant, Epidemic, Annual report, COVID-19, Petroleum, Oil, Renewable energy, Risk management, Chevron, Bunge Limited, CHEVRON, BUNGE LIMITED

The joint venture would also pursue new growth opportunities in lower carbon intensity feedstocks, as well as consider feedstock pretreatment investments.

Key Points: 
  • The joint venture would also pursue new growth opportunities in lower carbon intensity feedstocks, as well as consider feedstock pretreatment investments.
  • Under the proposed joint venture arrangement, Bunge will continue to operate the facilities, leveraging its expertise in oilseed processing and farmer relationships to manage origination and marketing of meal and plant-based oil.
  • Chevrons proposed joint venture with Bunge positions us to expand into the renewable fuel feedstock value chain, which will advance our higher returns, lower carbon strategy.
  • The creation of the proposed joint venture is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.

Chevron, Brightmark Expand Partnership on Dairy Biomethane Fuel Projects

Retrieved on: 
Tuesday, August 24, 2021
Environment, Alternative Vehicles, Fuels, Automotive, Oil, Gas, Alternative Energy, Energy, Other Natural Resources, Agriculture, Natural Resources, Industry, Optimism, Weather, LLC, Legislation, Chevron, U.S. Securities and Exchange Commission, Lubricant, Acquisition, Accident, Pandemic, Coronavirus, Government, Natural gas, Economics, Curtailment (electricity), Marketing, Tax, Organization, RNG, Investment, Board, Carbon, Failure, News, Noble Energy, Environment, Imagination, Solution, Partnership, Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., Phrase, Epidemic, Annual report, COVID-19, Petroleum, Oil, Renewable energy, Risk management, Chevron, Brightmark, CHEVRON, BRIGHTMARK

Brightmark RNG Holdings LLCs subsidiaries currently own RNG projects in New York, Michigan, Florida, South Dakota and Arizona.

Key Points: 
  • Brightmark RNG Holdings LLCs subsidiaries currently own RNG projects in New York, Michigan, Florida, South Dakota and Arizona.
  • Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas.
  • Our carbon-negative projects are successfully reimagining waste and delivering significant environmental benefits while improving economics for our dairy farm partners.
  • We look forward to executing on these new RNG projects with Chevron and partnering with dairy farmers to expand our RNG footprint across the country.